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I don't really buy the pump and dump take here. Even if it had been an intentional pump, no reason to trigger a selloff. Some Theses: - Elon is a quick decisio

I don't really buy the pump and dump take here. Even if it had been an intentional pump, no reason to trigger a selloff. Some Theses: - Elon is a quick decision maker, he could have genuinely been persuaded about energy usage post-hoc. The energy bit does run somewhat contrary to Tesla's core mission. - In line with this, tesla may be about to form a partnership or make a move with another crypto platform, both because the other platforms have more technical advantages and because they are more energy efficient. Maybe they will even launch their own coin/project - Musk decided it was no longer worth the headache. His Bitcoin communications may have brought a lot of behind the scenes regulatory or fed scrutiny that we are not aware of - Some other new information (possibly natsec related) that caused him to change his view on BTC

rchaud 5y ago
I find it hard to believe that a guy who talks non stop about clean energy does not know how much dirty energy cryptomining uses. It is even less likely that he signed off on a $1.5b purchase of it, and that no-one involved in that process brought up its energy use.
- fastball 5y ago
  It is not clear at all how much dirty energy cryptomining uses, so...
Aperocky 5y ago
cash would be a good reason. and the cycle continues, why pump once when you can do it again?
ulfw 5y ago
So your argument is that he is just dumb and didn’t even know how dirty bitcoin is mined, even though all of us do. Sorry but I buy more into the pump and dump hype machine together with his CONSTANT never ending tiring relentless need to be the centre of attention in the media. Like his political equivalent Donald T used to be. Proof: open the media every day. I can’t forget how he needed to insert himself into the whole Thai boys in a cave rescue and then needed to be focus of the media again when he called the actual proper saviours pedophiles.

rchaud 5y ago

I find it hard to believe that a guy who talks non stop about clean energy does not know how much dirty energy cryptomining uses. It is even less likely that he signed off on a $1.5b purchase of it, and that no-one involved in that process brought up its energy use.

fastball 5y ago
It is not clear at all how much dirty energy cryptomining uses, so...

Aperocky 5y ago

cash would be a good reason. and the cycle continues, why pump once when you can do it again?

ulfw 5y ago

So your argument is that he is just dumb and didn’t even know how dirty bitcoin is mined, even though all of us do. Sorry but I buy more into the pump and dump hype machine together with his CONSTANT never ending tiring relentless need to be the centre of attention in the media. Like his political equivalent Donald T used to be. Proof: open the media every day. I can’t forget how he needed to insert himself into the whole Thai boys in a cave rescue and then needed to be focus of the media again when he called the actual proper saviours pedophiles.